Businesses could face €1.5bn costs amid ‘chaotic’ Brexit transition

Businesses could face 1.5 billion euro costs (Niall Carson/PA)

The food and drink industry could face “unbearable” additional costs of €1.5bn if a deal is not reached between the EU and the UK, an Oireachtas committee has been told.

Businesses could be plunged into chaos in January over the lack of clarity around how trade will operate on a day-to-day basis, it was also claimed.